Ethereum Name Service (ENS) Reaches One Day Volume of $55.32 Million

Ethereum Name Service (ENS) traded 2% lower against the US dollar during the 24-hour period ending at 10:00 AM ET on November 1st. One Ethereum Name Service token can now be bought for approximately $16.89 or 0.00023969 BTC on major exchanges. Over the last seven days, Ethereum Name Service has traded down 2.4% against the US dollar. Ethereum Name Service has a total market capitalization of $560.28 million and approximately $55.32 million worth of Ethereum Name Service was traded on exchanges in the last 24 hours.

Ethereum Name Service Profile

Ethereum Name Service (CRYPTO:ENS) is a Proof-of-Work token that uses the Ethash hashing algorithm. Its launch date was August 11th, 2021. Ethereum Name Service’s total supply is 100,000,000 tokens and its circulating supply is 33,166,683 tokens. Ethereum Name Service’s official message board is ens.mirror.xyz. Ethereum Name Service’s official Twitter account is @ensdomains and its Facebook page is accessible here. Ethereum Name Service’s official website is ens.domains.

According to CryptoCompare, “The Ethereum Name Service (ENS) is a decentralised naming system built on the Ethereum blockchain, designed to map human-readable names to machine-readable identifiers. It simplifies the user experience by replacing complex Ethereum addresses with easy-to-remember names, supporting address mapping, content hashes, metadata storage, and cross-platform usability. ENS was created by Nick Johnson and Alex Van de Sande under the Ethereum Foundation and launched in May 2017.”

Buying and Selling Ethereum Name Service

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Name Service directly using US dollars. Investors seeking to acquire Ethereum Name Service should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Ethereum Name Service using one of the aforementioned exchanges.

ENS/USD price chart by TradingView